Singapore Post

SingPost in 'exclusive' talks over divestment of Australia assets - THE EDGE SINGAPORE

Company in the news

SingPost in 'exclusive' talks over divestment of Australia assets

The possible sale is part of SingPost's ongoing 'strategic review'
A reset, reboot and revalue from MSCI's 'killer blow' - THE EDGE SINGAPORE

Global Markets

A reset, reboot and revalue from MSCI's 'killer blow'

Many SGX companies have undergone structural transformation and the results are showing up in their share prices
SingPost books valuation gain while underlying transformation stays on track - THE EDGE SINGAPORE

Corporate moves

SingPost books valuation gain while underlying transformation stays on track

SingPost has plenty of levers to pull to optimise its margins and thereby pave the runway for “good” earnings recovery: CGS

kopi-C: the Company brew

SingPost’s group CFO: 'We're building a Singapore-branded global logistics company'

SingPost has gone a long way and transformed substantially

New appointments

SingPost appoints ex-SMRT TEL MD Shahrin Abdol Salam as CEO for Singapore business

Shahrin has more than 25 years of experience in operations management, strategic planning, asset management and engineering.

Billion Dollar Club 2023

Hutchison Port makes overall sector winner debut

HPH Trust replaced Jardine C&C as the overall winner in this sector

Telecommunications

Singtel reaffirms constant review of assets to be monetised; deems SingPost's earnings contribution "not significant"

For the year ended March 31, SingPost reported earnings of $24.7 million; Singtel, meanwhile reported earnings of $2.23 billion

Broker's Calls

Singpost to face short-term weakness, but long-term e-commerce prospects intact: analysts

CGS-CIMB Research has cut its FY21-23 earnings per share forecasts for the company by 9.9%-12.9% on weaker postal margins.

Update

SingPost to hire more postmen, redeploy drivers and increase PO staff after being fined $100,000 for not meeting quality standards

SINGAPORE (Feb 8): Singapore Post (SingPost) says it will be hiring a hundred more postmen and redeploying 35 mail-drop drivers to become full-time postmen as well as increase the number of dedicated counters and staff at post offices, aside from upgradin

Broker's Calls

CGS-CIMB cuts SingPost target price despite 3Q earnings growth

SINGAPORE (Feb 4): CGS-CIMB Securities is maintaining its “hold” call on Singapore Post (SingPost) while lowering its target price to $1.03 from $1.12 previously, which now implies 19.7 times FY20F P/E.
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